VAT news - VAT Advice

Welcome to our VAT blog area – we talk about the things that are important to our clients and the essential VAT information we think you need to know.You can connect with us by sharing posts, adding comments or getting in touch to talk about VAT issues that are important to you.

Gareth Bevan11 August 2017No comments

Do you incur overseas VAT in the course of your business activities? Did you know that not all foreign VAT you pay needs to be suffered as a cost? There are mechanisms in place which enable both EU and non-EU businesses to recover VAT on certain costs that are incurred in EU countries where they…

Gareth Bevan4 January 2017No comments

Your 2017 EU VAT rates table With lots of changes taking place with effect from 1st January 2017, we have put together a 2017 EU VAT rates table to keep you up to date with what is happening with VAT around the European Union. We hope you find this a useful resource! Country VAT Rate: Standard VAT…

Gareth Bevan16 December 2016No comments

Well if you are a member of the US forces based in the UK then your wish could come true! For many UK businesses it is probably a little known fact that you can sell most goods and services costing £100 (inc VAT) or more to a member of the US forces or their family…

Gareth Bevan1 December 2016No comments

European Commission announces new VAT measures to help e-commerce businesses The European Commission has released details of new VAT measures to simplify online trading for EU businesses. This follows the Commission’s adoption of the Action Plan for VAT in April 2016 which included a commitment to remove VAT obstacles to e-commerce. The new measures include: Extending…

Ryan Bevan25 August 2016No comments

VAT: domestic reverse charge for telecommunications services HMRC have issued new guidance on the domestic reverse charge for telecommunication services. The new guide is updated to apply to businesses supplying wholesale electronic communications providing speech and associated services. It explains how VAT invoices will be affected by the reverse charge.

Ryan Bevan12 August 2016No comments

HMRC have published an updated version of VAT Public Notice 741A which helps businesses determine the VAT place of supply rules for services. The new Public Notice cancels and replaces Notice 741 from February 2010. Details of the changes to the previous version can be found in paragraph 1.3 of the new notice. A…

Ryan Bevan22 July 2016No comments

If your business has incurred costs in EU countries where it is not established and not VAT registered, then now is a good time to start quantifying how much overseas VAT has been suffered and decide whether to submit a refund claim. With the average VAT rate in the EU now above 20%, and…

Ryan Bevan26 May 2016No comments

VAT is consumption based tax and is designed to have a dual purpose – it is both incurred from vendors and suppliers of goods and services and also charged by taxable persons on its taxable supplies where applicable under the VAT legislation. Consequently, there are two broad types of VAT – Input VAT which…

Ryan Bevan10 May 2016No comments

5 common irrecoverable VAT errors One of the most commonly asked questions from our clients is ”how can I pay less VAT?”. Well, we can’t necessarily reduce the amount of VAT paid (you have to charge VAT when it’s within the law), but we can optimise the amount of VAT recovered. As well as…

Ryan Bevan28 April 2016No comments

Broadly, businesses operating in the UK can be divided by those that have a fixed location inside the UK from which goods/services are supplied/purchased (this brings up another key issue ‘the place of supply’), and those that do not have a fixed location inside the UK called – Non-Established Taxable Persons (NETP), or non-resident…